Sep 30, 2012 8:00am EDT
♪ >> there was good years and that years but that trend was always up. richard nixon expanded social spending. the democrats have reduced taxes as well. and everyone got a car with fins. now that is over. perhaps for a long time. the economy is growing again but slowly. the 16 trillion dollars of debt -- the university of miami is as fine of any place to contemplate the future of the nation. indeed a strong stomach for gloomy talk. >> part of the amtrak -- we do not have enough to go around. we're in a rough period. the flexibility that was felt to years ago under bush and clinton, we no longer have that cushion of our own prosperity. the battling has gone worse. absolutely. >> there will be some who point out this is still an energetic place. the energy does not come from government. it might come from the lack of it. america may be forced to find out in the years ahead. >> the british prime minister david cameron was in new york this week to reaffirm his government's goal to spend with their plans & on foreign aid. if all goes to plan, the u.k. will hit the -- to spend 0.7% on foreign aid.